You would be hard-pressed to find an analyst or pundit who isn’t bullish on gold and oil and bearish on the U.S. dollar. The agreement is virtually universal: the dollar is doomed, and gold and oil are rocketing up with no end in sight.
My contrarian instincts suggest the universality of these views dooms them to be almost certainly wrong. The NASDAQ would never drop below 4,000 (2001 pundits), the Dow Jones Industrials were heading to 100,000 (2000 pundits) and oil would remain cheap for a decade (1999 pundits). In every case the “standard model” of the financial/ mainstream analysts was exactly opposite of what eventually transpired. >>>>
**Beware of Speculative “Sure Things” **
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